Pranjal Kamra’s 9 tips for stock market beginners
Pranjal Kamra, CEO of Finology Ventures, lists nine tips for first-time investors looking to make a killing
Don't mistake stock markets for rapid money-making machines. Stock market returns often come in chunks but not necessarily at an advanced pace.
Always invest as per your financial goals and capabilities. Think from your experience and be as individualistic as possible - whether investments or life, in general.
Stock prices keep fluctuating. To avoid any panic, invest in stocks that you have been tracking for a long time.
Stay invested for long term and results will come sooner or later.
Do not invest money that is required to fulfill your basic needs. Never cut down on the essential expenditure to start investing.
Never take loans to invest in funds. It can be extremely risky and should be avoided.
Always choose a Sebi-backed investment platform for credible and transparent investing.
Investing should be practised just like any sports - the key to its success lies in discipline and patience.
When it comes to investing, being emotional will lead you to make wrong decisions and result in costly mistakes.
Published: July 17, 2021, 12:10 IST
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